This will typically store your Bitcoin into an automatically generated account on your exchange. (digitaltrends.com)
After you have a wallet, you're going to need to find a way to load it with cryptocurrency which can be done with a verified account on an exchange and your bank account, or you can buy some from a friend. (hobowithalaptop.com)
Open accounts on all exchanges — this will reduce the only risk you have: to get scammed by the exchange. (coinstaker.com)